Transaction fee market without block size limit would lead to too low a level of security for Bitcoin: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2400519 …
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@LaurentMT@NickSzabo4@jony_levin@adam3us@socrates1024 Indeed, the RN gives small miners access to those nodes without a ton of effort!
@TheBlueMatt @LaurentMT @jony_levin @adam3us @socrates1024 And Mt. Gox gave users access to fiat/bitcoin exchange without a ton of effort.
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@NickSzabo4@LaurentMT@jony_levin@adam3us@socrates1024 RN is still a backup: miners can, with some effort, get good results w/o it -
@TheBlueMatt@LaurentMT@jony_levin@adam3us@socrates1024 You are selling as if they could safely come to depend on it, not as mere backup. -
@NickSzabo4@LaurentMT@jony_levin@adam3us@socrates1024 ummmmm...Go read the website, or look at what miners do in practice?
End of conversation
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